01—Abstract
Summary
Summary of the 8-K filed October 21, 2025. Cited figures are marked; the original filing is the authoritative source.
Iron Mountain Incorporated (IRM) filed a Current Report on Form 8-K dated October 21, 2025, disclosing under Item 5.02 that its Board of Directors elected Christie Kelly, age 64, as a director effective immediately.
Ms. Kelly will serve on the Audit Committee of the Board effective immediately. The filing states that there are no arrangements or understandings between Ms. Kelly and any other persons regarding her election, that she has no direct or indirect material interest in any related-person transaction requiring disclosure under Item 404(a) of Regulation S-K, and that she has no family relationship with any director or executive officer. The filing describes Ms. Kelly's background as a three-time Fortune 500 CFO in the real estate sector.
She was Executive Vice President, Chief Financial Officer and Treasurer of Realty Income Corporation from 2021 to 2023, EVP and Global Chief Financial Officer of Jones Lang LaSalle Incorporated from 2013 to 2018, and EVP and Chief Financial Officer of Duke Realty Corporation from 2009 to 2013. She also held senior leadership positions at Lehman Brothers and General Electric. She currently serves on the boards of Park Hotels & Resorts, Kite Realty Group Trust, Legence Corporation (since September 2025), and the private board of Gilbane, Inc. For her board service, Ms. Kelly will receive the compensation generally provided to non-employee directors under the Director Compensation Plan, including a prorated annual grant of restricted stock units under the Iron Mountain Incorporated 2014 Stock and Cash Incentive Plan.
Each RSU represents the right to receive one share of common stock and vests immediately upon grant. She is also eligible to participate in the Iron Mountain Incorporated Directors Deferred Compensation Plan. The filing references the Director Compensation Plan and the deferred compensation plan as exhibits to the Company's Annual Report on Form 10-K for the year ended December 31, 2024.
02—Key points
Key Highlights
- Christie Kelly, age 64, was elected to the Board of Directors effective October 21, 2025.
- Ms. Kelly will serve on the Audit Committee of the Board effective immediately.
- Ms. Kelly brings prior CFO experience at Realty Income Corporation (2021-2023), Jones Lang LaSalle Incorporated (2013-2018) and Duke Realty Corporation (2009-2013).
- The filing states there are no arrangements or understandings tied to her election and no related-person transactions requiring disclosure under Item 404(a).
- As a non-employee director, she receives a prorated annual RSU grant under the Director Compensation Plan that vests immediately upon grant.
- She is eligible to participate in the Iron Mountain Incorporated Directors Deferred Compensation Plan.
- The filing includes only Item 5.02 and Item 9.01 cover-page XBRL exhibits (Exhibits 101 and 104); no financial statements are reported.
03—Questions
Frequently Asked Questions
Who was appointed to Iron Mountain's Board of Directors?
The Board elected Christie Kelly, age 64, as a director effective October 21, 2025. She will also serve on the Audit Committee effective immediately.
What is Ms. Kelly's relevant professional background?
The filing describes her as a three-time Fortune 500 CFO in the real estate sector. She served as EVP, CFO and Treasurer of Realty Income Corporation (2021-2023), EVP and Global CFO of Jones Lang LaSalle (2013-2018), and EVP and CFO of Duke Realty Corporation (2009-2013). She also held senior roles at Lehman Brothers and General Electric.
What other boards does Ms. Kelly serve on?
She has served on the board of Park Hotels & Resorts since 2016 and Kite Realty Group Trust since 2013. She joined the board of Legence Corporation in September 2025 and also serves on the private board of Gilbane, Inc.
How is Ms. Kelly compensated for her board service?
She receives the compensation generally provided to non-employee directors under the Director Compensation Plan, including a prorated annual grant of RSUs under the 2014 Stock and Cash Incentive Plan. Each RSU represents one share of common stock and vests immediately upon grant. She may also participate in the Directors Deferred Compensation Plan.
Does Ms. Kelly have any conflicts or related-party interests?
The filing states she has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K, has no family relationship with any director or executive officer, and has no arrangements or understandings with other persons regarding her election.
04—Continue